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20130216
20130224
Search Results 0 to 7 of about 8 (some duplicates have been removed)
in washington. one crisis to another. when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that we have at the moment is the bigger problem for the economy and job creation in the private sector. >> chris: let me binge karl in to talk about the sequester and look at the president's state of the union speech and agenda he laid out and what does that tell us about what he wants to do in his second term? >> spend a lot of money and pursue a lot of liberal social policies and says he is out of touch with the reality of where the country is. the democrats said we don't have a spending problem. 83% of the american people say we have a pending problem. i agree with kim. $85 billion cut is a 2.4% cut
. it was in the end game on the fiscal -- on the debt ceiling negotiations in 2011. literally july 27th, 2:30 in the afternoon, jack lew, who's in the white house chief of staff, rob neighbors, the head of congressional relations for president obama, went to see harry reid and proposed sequester. of course, everyone signed up to it, but it was designed to not happen. the cuts were perceived to be so draconian in domestic policy and in defense issues that no one would ever let this happen. it was the super committee, as you may remember, that was supposed to come up with more rational budget cuts. they failed. so we're stuck with -- it's kind of like being on a cruise ship with no power. >> where you have the captain and crew fighting each other and going around in circles. i don't get this, bob. you write this book about how the president and congress talk past each other. we have an election. we hear they might start talking together in a more positive sense. yet, here we have a situation that the defense industry hates, that advocates for the poor hate, that economists hate because you'r
and that was the case with the fiscal cliff deal and the previous debt ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this? >> first of all it's telling he didn't say he's also going to the west bank, perhaps he is. most often these trips do include that, that he didn't want to mention if indeed what you showed was the release, that's an interesting angle to follow up on. this is what lawmakers do to season themselves, to become experts. is he not seen as necessarily an expert on international affairs right now and this is one of the areas that you go and by the way, if you wonder why a florida senator would be going to israel, it's because it's a major voting body within the state of florida. there's nothi
ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same thing over and over again and expecting a different result. just in ter
Search Results 0 to 7 of about 8 (some duplicates have been removed)